Goldman Sachs keeps HKD 7.71 target for Industrial and Commercial Bank of China stock
Published on 10/16/2026 at 15:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and trading metrics
- Goldman Sachs maintained a HKD 7.71 target on September 25, 2026.
- Industrial and Commercial Bank of China is scheduled to report third-quarter 2026 results on October 31, 2026.
- Industrial and Commercial Bank of China stock costs EUR 0.86 at Lang & Schwarz on October 16, 2026 at 3:14 p.m. CEST, down 1.36 percent on the Hong Kong Stock Exchange.
- The bank trades at a P/E ratio of 8.31 and has a market capitalization of HKD 3.6 trillion as of October 16, 2026.
Industrial and Commercial Bank of China (ISIN CNE1000003G1) has a Goldman Sachs target of HKD 7.71, leaving the target 1.58 percent above the HKD 7.59 home-market price. According to Investing.com on September 25, 2026, Goldman Sachs maintained the target with a Hold rating. Industrial and Commercial Bank of China stock was trading at EUR 0.86 at Lang & Schwarz on October 16, 2026 at 3:14 p.m. CEST, down 1.36 percent on the Hong Kong Stock Exchange versus the HKD 7.70 prior close of October 15, 2026.
October 31 results date
The next scheduled milestone is the bank's third-quarter 2026 report on October 31, 2026. Simply Wall St lists the reporting date and places the bank's Hong Kong shares at HKD 7.59 in its October 16, 2026 market update. The date gives investors a defined checkpoint for net interest income, credit quality and capital trends.
Price position in Hong Kong
The HKD 7.59 home-market price stood within a 52-week range of HKD 5.78 to HKD 7.77 on October 16, 2026. It was 2.32 percent below the yearly high. Trading volume reached 205,912,187 shares, compared with an average of 159,883,349 shares, making the session volume 28.79 percent higher than the average.
The Hong Kong listing's daily move was down 1.36 percent from the HKD 7.70 close of October 15, 2026. The separate euro indication at Lang & Schwarz was EUR 0.86 at 3:14 p.m. CEST on October 16, 2026, with a bid of EUR 0.86 and an ask of EUR 0.87.
Valuation and payouts
Industrial and Commercial Bank of China had a market capitalization of HKD 3.6 trillion and a P/E ratio of 8.31 as of October 16, 2026. The valuation sits alongside the Goldman Sachs target of HKD 7.71 dated September 25, 2026, which is 1.58 percent above the HKD 7.59 share price.
Comparison with peers
Industrial and Commercial Bank of China (Hong Kong Stock Exchange, HKD): minus 1.36 percent, P/E 8.31, market capitalization HKD 3.6 trillion
China Construction Bank (Hong Kong Stock Exchange, HKD): minus 1.10 percent, P/E 8.74, market capitalization HKD 2.4 trillion
Bank of China (Hong Kong Stock Exchange, HKD): minus 0.32 percent, P/E 8.44, market capitalization HKD 2.6 trillion
What the numbers leave investors
The main near-term marker is the October 31, 2026 results date, while the latest Goldman Sachs target provides a dated valuation reference. The stock's position 2.32 percent below its 52-week high leaves the next report as the clearest scheduled test of earnings quality and balance-sheet resilience.
The further course of trading is shown by the continuously updated real-time quote of Industrial and Commercial Bank of China stock.
Industrial and Commercial Bank of China stock facts
- Company: Industrial and Commercial Bank of China Limited
- ISIN: CNE1000003G1
- Ticker: 1398
- Primary exchange: Hong Kong Stock Exchange
- Price Lang & Schwarz (as of October 16, 2026, 3:14 p.m. CEST): EUR 0.86
- Change on Hong Kong Stock Exchange: minus 1.36 percent versus the prior close of October 15, 2026
- Market capitalization: HKD 3.6 trillion (as of October 16, 2026)
- 52-week range: HKD 5.78-7.77 (as of October 16, 2026)
- Sector / Industry: Financial Services / Banks - Diversified
- Next earnings date: October 31, 2026
Market context: Current market reports.
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